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14664: PA - RCT 101 beginning in Drake16


Pennsylvania

How can I generate a PA RCT 101 starting in Drake16?

Beginning in Drake16, the RCT 101 does not generate at all in a 1040 or 1065 per the Pennsylvania instructions

"The Capital Stock/Foreign Franchise tax has been phased out for tax years beginning on or after Jan. 1, 2016. This means that many business types such as S corporations, LLC’s taxed as pass-through entities and business trusts that are not federally taxed as a C corporation will need to file their final RCT-101 corporation tax report for the 2015 reporting period. These reports must be marked as final reports."

The RCT 101 only generates in an 1120S when:

  1. There are built-in gains (per the instructions), or
  2. When PA screen 101 has the check box marked Produce RCT Series returns even though there are no built-in Gains:

See the PA Instructions for more information.


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